Scandinavian Tobacco Group A/S issues EUR 300 million 4.875% notes due September 2029
September 04 2024 - 12:58PM
UK Regulatory
Scandinavian Tobacco Group A/S issues EUR 300 million 4.875% notes
due September 2029
Company
Announcement
No. 50/2024
|
Copenhagen, 04 September 2024
Scandinavian Tobacco Group A/S issues
EUR 300 million 4.875% notes due September 2029
The information contained herein is not a
release, publication or distribution, directly or indirectly, in or
into the United States, Canada, Japan or Australia or any other
jurisdiction in which such release, publication or distribution
would be unlawful.
This announcement does not constitute an
offer to sell or the solicitation of an offer to buy securities in
Scandinavian Tobacco Group A/S in the United States, Canada, Japan
or Australia or any other jurisdiction.
Scandinavian Tobacco Group A/S has successfully
priced an issuance of 5-year senior unsecured notes for a principal
amount of EUR 300 million with maturity in September 2029 and with
a coupon of 4.875%.
Moody´s Investor Services has assigned the bond
a rating of Baa3, in line with the rating of Scandinavian Tobacco
Group A/S.
The bond will be issued on 12 September 2024 and
will be listed on the regulated market of Euronext Dublin.
The proceeds of the offering will be used for
general corporate purposes, including to refinance certain existing
debt.
Citigroup Global Markets Europe AG, Danske Bank
A/S, Jyske Bank A/S and Nordea Bank Abp acted as joint bookrunners
on the transaction.
For further
information, please contact:
Torben Sand, Director of IR & Communication, phone +45 5084
7222 or torben.sand@st-group.com
- Company Announcement no 50 2024
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